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Balmoral Resources Ltd.
Summary
| Project: | Martiniere | |
|---|---|---|
| Deposit: | lac du Doigt | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/26/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-10-2017: Balmoral Resources Ltd. announces an Exploration/Drilling Update report for its lac du Doigt deposit at the Martiniere project. Drilling results incl. 26.33m @ 0.73g/t Au from 252.15m. (Vancouver, October 26, 2017) Balmoral Resources Ltd. (“Ba | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Darin Wagner (Internal) | |
| ABSTRACT: | (Vancouver, October 26, 2017) Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX: BAR; OTCQX: BALMF) today reported the strongest results to date from the Lac du Doigt gold discovery on its Martiniere Property in Quebec. Hole MDX-17-69 returned an intercept of 26.33 metres grading 0.73 g/t gold, including a high grade core of 2.21 metres grading 7.05 g/t gold. This hole was drilled down-dip of hole MDX-16-55, the most westerly hole located along the Lac du Doigt Trend (see Figure 1), and confirmed vertical continuity of the principal gold zone to a depth of approximately 180 metres (see Figure 2). It also resulted in the discovery of a second gold mineralized zone at shallower depths. Significant gold mineralization has now been intersected in five holes along 850 metres of the Lac du Doigt Trend, with the most recent intercept suggesting the gold mineralization may be increasing in width and grade along strike to the west and to depth. The Lac Du Doigt Trend is the third gold mineralized trend discovered in the Martiniere Property. The first two Trends – the West and Bug Gold Trends – both host significant gold deposits with characteristics similar to those now being observed along the Lac du Doigt Trend which include broad gold mineralized zones with a central higher-grade core and strike lengths of several hundred to over 2,000 metres. | |
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